Lot 1327
1884-S. PCGS graded MS-63 PQ. A fully white coin with reflective fields. Great looking Morgan Dollar. In the 1960s the Treasury Department released millions of Brilliant Uncirculated Silver Dollars. There were no 1884-S pieces found. In 1976, Revere Redfield's treasure trove of 475,000+ Dollars entered the market. Again, no 1884-S. In 1984, Continental Illinois Bank in Chicago had to be rescued by federal bailout. Upwards of 1.5 million Silver Dollars were found in its vaults! But, no 1884-S. For some inexplicable reason virtually all 1884-S Morgan Dollars went into circulation. Original bags were unknown and are unreported (unlike 1889-CC, for example, of which several bags are waiting in the wings for the right market conditions). What happened to them all? As with the disappearance of the possibly chimerical business strike 1895 Philadelphia Mint, the mystery has never been solved.
Both sides of this Choice Mint State '84-S are brilliant with silvery-white color. The obverse, as referred to already, is fully Prooflike with noticeable cameo contrast on Liberty. The reverse has almost the identical two-tone display. Facial profile and eagle plumage are devoid of marks. Sharply struck and very will made, for this most problematic of dates; it is an outstanding and extremely important Silver Dollar. Pop 43; 15 finer (PCGS # 7156) .
Estimated Value $40,000 - 50,000.
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